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20131202
20131210
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guy johnson. >> i am francine lacqua. it is pretty cold in london right now. >> let's talk about the big day ahead of us in terms of macro news. the ecb will publish its decision today following last month's rate cuts, no changes expected. all eyes will be on mario draghi's inflation forecast. today.rojections jonathan ferro joins us with details. out,will say rule nothing that is what we learned last month. not many people predicted it. a lot of people thought the ecb would wait for another month of data on the inflation side. another thing was they thought they would wait until he got projections from the ecb itself. if you look at the eurozone and compared to the u.k., it is night and day. but the forecast for the ecb, they're looking for growth of 1% 1.3%.flation up that could be revised lower. we have protection -- we have 2015, anns to indication of what might happen further on. baby steps with for guidance, rates will stay low. you might get more color if you look at the projections. >> on inflation, talk us through. what exactly do they indicate. will he get more stimulus
the story moving forward. ♪ >> welcome back. >> i am guy johnson, that is francine lacqua. ireland is set to exit its 85 billion euro bailout program next week. three years ago, ireland was rescued. it was the first of the eurozone bailouts to not need outside help. >> thank you so much for joining us. how are you feeling about december 15? it must've been a very difficult three years. you are out of the woods. it is going to be ireland on its own. >> i feel very good about it. we struggled. three years is a long time in charge of a project. we had our ups and downs. it has been positive for the last six months or so. you're confident that we will have success. we have significant cash buffers. we are fully funded. we will refresh are borrowing with the americans in january 2015. we're doing fine. a lot of people want to buy our paper. we sold a preference to the bank of ireland. 1.8 billion -- it was oversubscribed. a very good price, beyond our expectations. any time that we try anything which costs money, those international banks are backing -- we are pleased with that. >> do you thin
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